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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (52302)8/13/2004 8:42:01 PM
From: twmoore  Read Replies (3) | Respond to of 74559
 
Elmat,it is to bad that we are not in close proximity to one another because I would bet you a coffee that oil will reach 30.00/barrel before it reaches 50.00/barrel.The oil futures market is being propelled by fear,rumours,and lies.There is an irrational exuberance in the oil market now that I believe will abate before oil reaches 50.00/barrel.
If I am wrong,the world will be a better place because alternate sources of energy will become more cost effective.



To: elmatador who wrote (52302)8/17/2004 8:41:00 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
<<Continuing like that it reaches $50 soon.>>

Just the attack on the right place and at the right time:

<<"But prices could still hit $50 if there are sudden big events such as attacks on oil infrastructure in the Middle East," he said, adding oil producers did not have spare capacity to deal with such shocks as demand stayed strong, especially from China.>>

msnbc.msn.com


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